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Laxman Pai, Opalesque Asia: American private equity investment firm has completed fundraising for its fifth private equity fund, JC Flowers (JCF) V, with more than $1.1 billion in commitments.
According to a press release from the private investment firm dedicated to investing globally in the financial services industry, the limited partners in JCF V represent a diverse group of corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices.
JCF V received strong support from existing longtime investors as well as highly respected new investors, with institutional investors located across Asia, Europe, the Middle East, and North and South America.
"We are grateful for the support from both our existing and new limited partners which allowed us to surpass our target, especially given the backdrop of uncertainty over the last two years," said Chris Flowers, CEO of J.C. Flowers.
To date, the fund has already invested or announced investments in Ariel RE, Inigo Insurance, iLendingDirect, Insigneo Financial Group, LMAX Group, Tricor Insurance, and Solomon Wealth, representing around 40 percent of the fund.
"We look forward to continuing to source, evaluate and invest in financial services opportunities worldwide where we can add significant value," Chris added.
J.C. Flowers targets investments across all sub-sectors of the financial services industry, including banks, insurance and reinsurance, specialty...................... To view our full article Click here
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